Trade and business licensees reminded to pay fees

The Trade and Business Licencing Board is currently consolidating all outstanding payments for 2010/2011 and reminding all licensees that it is an offence to operate without a valid trade and business license.

If their trade and business license has expired within the last year, licensees are in contravention of Section 26 of the Trade & Business Law (2007 Revision) law and liable to fines of $5,000 or up to 12 months imprisonment.

The Trade and Business Licensing Secretariat plans to take serious action against those companies who are operating illegally and would therefore encourage those in contravention of the law to take the necessary steps to bring their licensing fees up to date.

Forms are available online at 
www.dci.gov.ky or from the office 
at Cayman Corporate Centre, 
27 Hospital Road, George Town.

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